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our long-term deficit under control in a way that is fair and balanced. >> a reversal of fortune on wall street. stocks trade on fiscal cliff comments from president obama and john boehner. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> republicans know where we stand. we've said it, we've said it, we've said it so many times. >> i think all of us today are confident we can reach a bipartisan agreement by christmas time. >> according to congressional republican aides, they say they have obtained a copy of the white house's proffer here. at least $50 billion in new spending. >> do you have faith in any of them to rise above? >> would it be okay to go over? >> we will rise above. >> morgan stanley wealth management's chief investment strategist up next with his list of winners and losers. plus, how you can make money in these shaky markets as the year winds down. >>> later, as lawsuits pile up and hewlett-packard stock suffers, carly fiorina will join me for her first interview since the autonomy disaster came
to reduce the deficit, 63% said no. 86% of the ads run for obama were personal attacks on romney. he won a stunning mandate to not be romney. he did not run on the basis he was going to do massive new spending and the kind of tax increases, $1.6 trillion that he's now talking about. and at the same time that obama was elected president, the republican house, which had twice voted for a real budget -- remember, the president's budget he claims he has a mandate for was put up before the house and the democrats all voted against it. in the senate, the democrats didn't want to have anything to do with it. it's a little hard to argue, he had a mandate for something the rest of his party ran away from. >> well -- >> did not run ads on those issues. >> and, of course, it was a bit more complicated than that. but to your point about the exit polls, it's true, most people said that they didn't want tax increases to solve the deficit. what they said -- the majority, was they wanted both balanced. they wanted cuts and tax increases. which is what both john boehner and the president -- in very strid
, for which we're responsible. there is a $1 trillion -- $1.04 trillion deficit this year, fifth year in a row we have this kind of number. we're going to, as folks used to say when i was a young fellow, this country's going to hell in a hand basket if we don't get our act together. >> and right now, we still have time. dollar's not falling. we don't have treasury bond yields soaring through the roof lou: the euro is rising against the dollar. isn't that embarrassing? >> that's not a concern to the administration or congress. lou: we should say to hell with the sound dollar. let's em brails strong competitiveness. last i looked at the trade deficit, we were, again, lagging and uke sucking popped water. there's a rising deficit stripping our gdp. >> and right now europe is in a relatively deep recession. we're still above water. lou: you jumped all over the punch line because you talk about things not making sense. folks, this is not making sense. i'm delighted because people have wealth left in the equities market, the bond market. how long will that be the case if we go over the cliff? >> won
the deficit in the medium to long-term so as to avoid an immediate and dramatic cut in the short-term. yes, that's right. now, this may well present a problem for john boehner's caucus, because john boehner sent a letter to the president this week with his own plan, which advocates what just might be the least popular policy in american politics. okay, maybe that's hyperbole. but just be a tiny bit, i mean, mandatory gay marriage, in which every single married straight person had to immediately divorce their spouse, and accept a state-assigned same-gender spouse to replace them would probably be more popular than what john boehner proposed this week. what john boehner is advocating is making medicare available to fewer americans. as it happens, there is brand-new polling out today on how americans feel about the idea of congress using these deficit negotiations to make cuts to medicare. 79% of americans say they do not want congress to touch medicare in these deficit negotiations. 79%. if you want to get specific about john boehner's proposal, what he wants to do to medicare is to raise th
, we have a trillion dollar annual deficit and this would not close that gap at all. so the president needs to come up with a plan and for better or worse going to require leadership. no member of the senate or the house is going to be able to do this, this is something the president has to do by himself and he can't do it on the campaign trail. >> let me ask you this because you wrote an op-ed today and you wrote about divided government about the deal. you said divided government means that neither democrats nor republicans will be able to pass legislation along strictly partisan lines. we cannot tax our way back to budget surpluses and economic prosperity without major spending cuts and entitle 347b9 reforms we will continue running a huge deficit regardless of what anyone does on either side. for every dollar of revenue you give him, he'll give you $2.50 of spending cuts. if he gave you that on spending cuts, it would be 8$850 billon year would you do that? >> the president has said a lot of things, but what counts is what he's willing to put on the table and so far, he hasn't put
the debt and deficit. >> so was this proposal the white house made yesterday with more spending and very few spending cuts, was that what mr. sorenson was expecting out of the gate? he joins us on the telephone with his thoughts. good to have you with us. >> glad to be with you. >> when you were with the other ceos at the white house, does it jive with what we're hearing about that made mitch mcconnell laugh yesterday? are those two plans one in the same? >> well, i'm hopeful that what's happening in the media is posturing by both parties and doesn't reflect where either party thinks a deal will end up. i think what the president talked with us about on wednesday afternoon was much more a sense of where things ought to end up, and that was, i think, somewhat different than it sounds like what was proposed. >> so you didn't hear about the tax increase for the wealthiest, the spending increases that made mitch mcconnell laugh. those specifics you didn't get into with the president on wednesday, is that what you're saying? >> we certainly talked with the president and heard from the the pre
thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve." let's head now to the white house and dan lothian. the white house will not offer a counter proposal, right? what's going on here? >> reporter: well, you know, i think the white house is digging in. the president said early on in this process that he would only sit down and really move forward, negotiate on this in any meaningful way if the tax hikes for the wealthy expired. and republicans have been pushing back on that -- tax breaks rather for the wealthy expired and republicans have been pushing back on that, say they go believe that will be harmful for the economic recovery because wealthy americans are the ones who are creating the jobs and
deficits and lower interest rates will lead to growth in the economy and an increase in business travel spending. >>> welcome back. now to the weather channel. reynolds wolf is standing by. what is happening around the country today? >> the story is all west. everything is taking place out west. rain, some strong winds, even some snow. some places snow getting up to around 2, 3 feet, but that is high elevation. but for the eastern seaboard, pretty quiet p. temperatures very mild this time of year. when you get into the center of the u.s., still fairly mild conditions. a bit cooler as you might imagine in spots up like towards the twin cities and even over towards chicago. but then out west, that's where the trouble really brews. it's that time of year that there's norm lay big area of high pressure that sets up off the west coast. that's gone and that allows all the pacific moisture to come through. high snow will be an issue. rain in seattle. so how is it going to affect your travel? a little bit of a trend continuing here. again, all your issues out towards the west. san francisco, ma
that if we go over the cliff the deficit goes up. >> and the debt goes up. >> and the debt goes up. >> wrong. >> like our relationship people don't get it. >> deficit almost goes away. difference is about $8 trillion. >> about 10.5. >> join us tomorrow. right now it's time for "squawk on the street." >>> good wednesday morning. welcome to "squawk on the street." live at the nyse. what a morning shaping up here. a little data to look at. m&a. the president speaks to the business roundtable in a couple of hours. futures with modest gains. europe holding onto gains and china up nearly 3% over night as shanghai catches a break. our road map begins with a $20 billion deal. freeport mcmoran getting into the energy business making two acquisitions. plains exploration and mcmoran exploration. >>> concerns over the u.s. economy as adp misses estimates. the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in
's on a deficit crusade. david walker, taxes ranger, next. toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. the latest coffee machine from nespresso. modular. intuitive. combines espresso and fresh milk. the new u. nespresso. what else? available at these fine retailers. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, pos
a balanced approach to deficit reduction that doesn't hurt the economy and doesn't hurt middle class families. if we agree that we should not raise taxes on middle class families, let's begin our work with where we agree. >> of course there are some lawmakers who are not that optimistic. they don't think there's enough time between now and the end of the year to get a deal done. nonetheless the president will continue pushing his message. he heads to pennsylvania tomorrow. he will go to a manufacturing plant where he will continue talking about extending the middle class tax cuts, not extending them for the upper class americans. in the meantime, there's pushback from republicans who are saying the president should not be out the road campaigning but back here in washington negotiating. >> dan, i will ask you to look into your crystal ball. president obama is meeting with mitt romney later today. do you have any idea what they plan to discuss? >> you know, there's a lot of speculation about governor romney playing a role in the administration. but the president himself, during his victory spe
leaders. governors are concerned about the impact of deficit reduction measures on their state budgebu. the latest gop offer would overhaul the tax code, raise $800 billion in new revenue but seek $600 billion in health savings, net savings add up to about $2.2 trillion over ten years. boehner called the white house's original offer la la land and it does appear that even though at one point bowles endorsed a blueprint like this, he's trying to distance himself from it right now. >> the president got re-elected. he's claiming he got re-elected in part because he wants to tax that 2%. he cannot go back on that. in the meantime, congress most of the republicans signed the grover norquist pledge which says you cannot tax that 2% more than anybody else. you can't increase the taxes. so we're at a stalemate and someone has to give and i don't see anyone giving right now. >> bank of america today commented on the let's jump crowd. the bungee jump crowd for which they think is a scenario. >> you wonder how much of that is in negotiating position. embraced early on by senator schumer, new york
deficit reduction by saying that we believe that $1 trillion or so over the next decade of those tax cuts above and beyond a quarter of a million dollars can go to deficit reduction. our republican colleagues need to say specifically what they want to cut. when they say entitlements, entitlements is medicare and medicaid. what do you want to do about medicare and medicaid? put it on the table, let us know. let the american people know. then we can ultimately come to a conclusion and maybe have that celebration you're looking for, piers. >> senator menendez, good to talk to you. thank you very much. >> thank you. >>> when we come back, i talk to leaders on both sides of the palestinian debate. do they think today's vote threatens the peace process? aveeno has an oat formula, now proven to build a moisture reserve, so skin can replenish itself. that's healthy skin for life. only from aveeno. as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios ...but you still have to go to the gym. sfx- "sounds of african drum and flute" look
of that balance? the president said he was going to help curb back the debt and tackle this deficit. instead, the president has the gull to actually go out and suggest that we should get rid of the debt ceiling votes and take away congress' ability to help put a lid on that. essentially wants a limitless credit card. that is a nonstarter for us in the house of representatives and the president should share with us what he thinks he should be cutting. not just 10, 20 years out in advance, what are we going to cut in year one naepts wh. that's what i want to hear from the president. >> i want to talk about what you think needs to be more specific. let's talk about the debt ceiling for a second. the debt ceiling is not more money. it is raising the level to accommodate what congress has already appropriated. it's not an unlimited spending -- credit card. most serious economists think that it's -- it is an unnecessary act. why not review the bidding on how the debt ceiling should be used. it's used as a shotgun to the head of either party, either president. >> look. there's got to be some limit
to bring in a man who says president obama's plan would create jobs and cut the deficit. he's democratic congressman chris van hollen, maryland, ranking member of the house budget committee. welcome to you, sir. you said today -- >> good to be with you. >> good to be with you, too. we're in the fourth quarter as we approach the fiscal cliff. if we can deliver like rg iii delivers, we'll be doing well. the question i would ask is why the hell are we in the fourth quarter? why wasn't this done in the first quarter? >> well, piers, as you know, there were a number of efforts before the election to get this done and there were major differences between the parties, and those parties became a big part of the conversation during the presidential debate. the president could not have been clearer that he wanted to do two things. he wanted to boost economic growth by doing things like investing in our infrastructure which used to be a bipartisan idea, but also, extending middle class tax cuts and as you said, asking the wealthiest to pay a little bit more to reduce the deficit. that was part of t
. there is no silver bullet. we have a trillion dollar a year deficit. the math is simsimple. you need $4 trillion to keep the ratio of debt from growing. there has to be a tax element as well. you have to have more tax revenue. we could not afford the tax cuts we need to restore a piece of them. i have not been on wall street as long as warren buffet. but i agree. i was on wall street for 30 years. it didn't change my work ethic. i think people are driven by other things this is not going to change the work ethic including spending. >> let me play you both a clip today. at the end of the day, i don't want to quibble about the tax rate, but the more important thing is to imcrease the size of the wealth pie. the idea of keeping rates low and then you pay a low marginal rate of a shriking pie i'd rather get the country on the proper footing. >> how do you get america back on a sound economic footing? butting your hats on, if you were in the room, what would the deal be? >> here is where i think this has to end up. one, recognize what we are facing is a spending problem. my friend steve talks about s
address the fiscal cliff. any plan to reduce the deficit should quote start small and then grow very substantially over time. so dudley basically agreeing with the take that sandy is a bigger event, and then you want to add on top of that dudley's concerns about the fiscal cliff coming our way. >> what does this mean for the retailers because right now we have the impact of sandy, because they're confined pretty much to november. we had this seasonally strong period for retail sales especially for the holiday season. but does that mean the kruk -- money is being spent instead on gypsum board and other materials that need to be bought for reconstruction? >> there is a big disconnect here, we had terrific consumer confidence numbers, so i think the nation itself should be stronger. the high income areas, remember, these were high income areas, a lot of times we're used to storms not hitting the high income. but i do think that we're going to see it pushed to 2013. this is not fukushima where they just decided they couldn't rebuild. this is major areas that once we get the materials are
'm optimistic we'll continue to work together. >> our ultimate goal is an agreement that gets long-term deficit under control in a way that is fair and balanced. >> stocks trade on fiscal cliff comments from president obama and john boehner. >> no substantive progress has been made in talks between the white house and the house over the last two weeks. the white house has to get serious. >> republicans know where we stand. we have said it. we've said it. we've said it so many times. >> i think all of us today are confident we can reach a bipartisan agreement by christmastime. >> according to a congressional republican aides who have talked to "the wall street journal," they obtained a copy of the white house prover here in the negotiations. >> do you have faith in any of them to rise above? >> would it be okay to go over? >> we will rise above. >> eamon javers joins us live from washington. they seem farther apart than ever before. the dow is above 13,000 for the first time in several weeks. do you think the markets are reading comments correctly? >> i do think markets have gotten it wrong a lo
is a deficit hawk. liberal, but he is a deficit hawk. he doesn't say maybe if we can't get a deal together, maybe we'd be okay with the fiscal cliff. he says that is the best deal for everyone, the best deal for progressives, just to do it. to go back to the clinton era rates. you get rid of three quarters of the deficit just on tax increases at that point. >> and he says you get defense cuts. >> you can't get defense cuts any other way. and he's not the only one. there's a lot of people on the left and there's quite a few people on the right. i'm glad you're optimistic and a lot of ceos and guys in your position -- if you run a company, you don't need consumers petrified and business people petrified. this is the last thing we need if you run a company. i understand you have a horse in the game. >> but you also have the double trigger. if you go over the cliff, we've got the debt ceiling fight right afterwards. it's not like that's six months down the line. that's in if first month, six weeks of the new year. >> the other thing, depending on where you stand, the idea that we just get rid
a significant, balanced approach to reduce our deficit our nation needs. so, wolf, here at the white house, they received this letter earlier in the day. they've had time to process it and clearly the white house not seeing this as something that they want to even bargain with. they've been saying that the next move is up to speaker boehner. and they wanted to see specific details so that they could actually begin the negotiations. what we see in this statement is that they feel he did not provide those details. now, the speaker and the president will see each other tonight we think at a holiday reception here at the white house. we'll see if they will actually discuss this, wolf. >> all right. the republicans hated the democratic initial proposal. the white house hates the republican counterproposal. we'll have much more in our next hour, jessica, thank you. >>> and you're in "the situation room." happening now, president obama issued a clear warning to the president bashar al assad. there will be consequences if you use chemical weapons against your own people. new details of the tragedy
't the tax debate now blocking progress towards the larger issue which is getting -- attacking the deficit with real spending cuts? >> i think there is, but let me make very apparent i think the speaker is right. i think the proposal he's put on the table is a great proposal that we ought to not raise rates. there's other ways to get revenue that honestly are more economically productive in the long term. having said that, again, i think you might be better served to do this in pieces. first, we disagree with the democrats on a lot of things but we don't disagree about the 98% of the american people. we don't think their taxes should go up. to me since that's a point of agreement and doesn't affect either side's negotiating position on the other issues we ought to remove it from the table. make sure most americans don't have to worry about their taxes going up. having said that, again, i think the speaker's right on in terms of the proposal he's put out there. most importantly, he couples it with something the president doesn't, which is really significant spending cuts and entitlepment re
, making sure that we have the resources we need to protect medicare and that we deal with it, the deficit devastation for a long term and nothing to hurt the growth for the future. >> thank you so much for your time. we greatly appreciate it. >>> and we have some developing news to report to you out of cairo, egypt. officials say at least 60 people have been injured in violent clashes in the past few hours outside the presidential palace. there are reports two people are killed but authorities deny it. tens of thousands of demonstrators at the palace and president morsi reportedly slipped out a back door. we have more from jim maceda in cairo. >> reporter: tamron, this is what many here feared would happen. street battles breaking out between the morsi supporters and demonstrators. last night, it was opposition that seemed to score big, bringing out tens of thousands in to the streets and then of course marching on the presidential palace where eventually morsi andç his riot police were seen actually beating a tactical retreat leaving the palace grounds in the hands of baffled anti-mors
rates, total money that that comes in is just a small drop in the bucket so the size of the deficit from last year alone. it's less than 10% of what we're overspending. we now have 16 trillion in debt on the backs of our children and grand children. that is the biggest threat to our national security and nation's future. >> quickly, some republicans have whispered privately, some not privately, they believe president obama, the white house, congressional democrats, want to go over the fiscal cliff because they believe that it is more politically advantageous for them to do so. is that a sentiment you agree with or not? >> i believe that the president and the democrats see a political victory at the bottom of the fiscal cliff. i see financial problems for our country at the bottom of the fiscal cliff with unemployment over 9%, and another recession. i think -- i want to find a solution working with people on both sides of the aisle but when you have howard dean, the former chairman of the democratic national committee, you have patty murray, who ran the democratic senatorial committee enc
. >> most americans know that a big driver of the deficit and the biggest expenses we have are entitlements. you said grover norquist house of cards may come crumbling down. is the bigger problem revenue or democrats not wanting to give big cuts on entitlement? >> no. i think the bigger problem is grover norquist if you want to know the truth. he's the bigger problem because he threatens republicans with primaries. so you had several republicans who expressed that they were willing to moderate their view and that they felt their most important pledge was to the u.s. constitution and not to grover norquist. what did grover norquist do? he took their quotes, called them up, he had conversations with them and he read them line by line their quote and essentially threatened them with primaries. he's the problem. if grover norquist wants to run government he needs to run office. >> you have people like saxby chambliss to indicate they were backing away from their pledge. grover norquist gets on the phone to them in the last several days and report of phone calls are that suddenly chambliss is go
that republicans do not believe this is the right path to cutting our deficit, into promoting economic growth, boehner says. they do not want to raise tax rates. on wealthy americans or any american. i was outside a meeting that the republican leaders had with the rank and file members yesterday, speaking to member after member after they were leaving their meeting. there's often quite a break from the leadership and rank and file. they have given john boehner trouble in the past but at this point, they are giving him some lee way and they seem to be rallying around the speaker and his negotiations at this point. there's no budging on either side. >> they said there was a lot of support there. president obama said i'm sticking to my guns also. the president is warning the republicans next move will be to use the upcoming vote on the debt ceiling as leverage in the budget battle. let's listen. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which by the way we have ne
. and that is, we must ask the wealthy to pay a little more so we can get these deficit eliminated. get our debt paid down and start growing the economy again. that's not unusual or new to any of us. nobody in the country. so i think the president is sticking to what he said throughout the campaign and as i said 3 million more people voted for him than voted for the other guy. >> with that said, on taxes, if there's any chance on your side, is there any chance on your side to come down to the form of a smaller tax hike on incomes above $250,000 or would you consider keeping rate it is same at $250,000 and raising them only on higher incomes, say half a million or $1 million a year? >> i think it's all part of the negotiations. we know where the president is and that is 250,000. but there are a lot of democrats who voiced back before the campaign 500,000, some say even a million. all of that is going to be negotiated. the president wants 250. if mr. boehner wants to come and offer something different, i'm sure he will do that. but the president stands at 250. which is below even where i was but h
creating a bit of a deficit in other areas? >> remember, as you -- as you said, and your very good question about piecemeal versus comprehensive, this is a piecemeal approach, and as long as we agree on the end game and where we're going, we need, you know, a path to legalization for people who have been here, who don't have a criminal background, who have been working and contributing, who have really been trying to access the american dream, and our immigration laws don't allow them to do that. >> mr. secretary -- >> we also need -- we also need a future vision for immigration. how do we manage immigration in the future? we have 75 categories. we need to change our laws, but the republican party needs to be the party of immigration, and by the way, the democrats haven't proven yet that they are the party of immigration. we'll see how they deal with the zmt s.tm s.t.e.m. act in the senate. >> what you just articulated, my question is how does that get through a republican primary? mitt romney felt the need to go far right, closer to the far right than even newt gingrich when he brought up
republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on board with you because they fear your view. they think you do not favor going -- you favor going over the cliff. that's what they think. they think that you favor -- >> just for the record since we're on tv. that's silly if they think that they shouldn't be ceos. >> it doesn't really matter. that's what they think. >> i want you to walk me up to that moment. >> behind the record. i like that too. >> i'm stuck. like grover is stuck with this pledge he made everybody take which is that they have to go over the cliff because they obviously will not ever say the word tax. they will only say revenue. i'm stuck speaking to many more ceos than grover norquist is. he thinks it's silly. he thinks ceos are silly. i
$5,500 in mortgage interest. that adds to the deficit. somebody who makes more like $40,000 a year their tax savings is more like $91. it's a cherished middle class tax cut. some say it's more of a cherished upper middle class tax cut. the housing industry spending an awful lot of money lobbying to make sure this doesn't change. they say at a time when the housing market is just starting to recover, the last thing you want to do is take away that tax break. you would see home prices drop 15%. i've heard 20%. this is not the right time in a very fragile recovery for housing to start changing the tax advantage of home ownership. this is a fight that you're going to see play out and quite frankly there are people on the coasts and in those high-cost, high housing cost places as well nervously watching to see what happens with the mortgage deduction. mortgage rates still very, very low. can i show you yesterday's mortgage rates? 30-year fixed is 3.32%, deb. >> wow sthrks. >> 15-year fixed, popular refinancing tool, 2.64%. very low mortgage rates. >> it is so attractive to want to buy a
dwogoal here io come up with a plan that moves us to the budget deficit and to reduce the debt. we need to deal on the revenue side, many vehicles there, to use, and we also need to deal with the expense side. i think it is crafting a solution on both of those that is going to allow us to find a solution. >> all on the table and hopefully they will work and sort of meet in the middle and find that compromise. let's -- >> actually, this is the enabler for economic development in the united states. this is absolutely important we do this. >> i want to ask you about that, in just a moment. let's talk cars. i know you are relaunching the lincoln -- >> please. >> yes, we will. the lincoln brand, making it part of the lincoln motor company, buying a super bowl ad, putting lincoln in the commercials. when you look at this new car, i have to be honest, this is not my grandfather's lincoln. >> there you go. >> this is a new lincoln. was that the point? >> absolutely. and it is just -- it is absolutely the main point because, you know, the lincoln motor company has been associated with the ford m
was on this morning, whom i have great respect for, he had the piece from the imf study when you cut the deficit by 1%, what is the impact on the gdp. they didn't get into that this morning but if his numbers he's using 0.9 to 1.4, if you lose 2% to 3% of gdp you'll go to negative growth which will impact -- >> at the very least the wheels will be on the runway. >> absolutely. >> let's switch gears, mario draghi today, listen, i was so wrong and i don't know how long it will last but i give him credit, at least for this period of time, how long it lasts because there is no growth and recession in europe i can't answer but what were your observations on that press conference? >> last night when i wrote about it, mario draghi can put his feet up and have a stella and enjoy. he bought himself time. july 6th will be mario draghi's day of celebration because he stemmed the financial crisis in europe and bought time. berlusconi comes onto the scene this morning with the politics and italian debt markets paid a price for it, it's coming back as we're talking, rallied back quite a bit in the ten-year bond fu
Search Results 0 to 34 of about 35 (some duplicates have been removed)